Michael Tam - Realtor

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Toronto, ON
Michael Tam - Realtor

Real Estate Broker in Toronto and the GTA to serve you/ your family with all your real estate needs.

06/08/2026

Stat Alert🚨

May stats are out!

Numbers are still flat, it’s still a buyers market in most areas, but transactions are still flowing in the GTA! Compared to May 2025, there is a 6.3% increase in the number of sales transactions, if you compare to the prior month, it’s a 10% increase. This means that people are still making moves. What about the prices? Compared to last year, prices are down by 4.6%, but when you compare it to the prior month, ALL categories are up in the 905 areas and most categories are down except for Semi’s and Condos in the 416 areas. ��What does this all mean? Prices are down from 2025, however most categories are marginally higher compared to prior month. Likely because of the increase in sales transactions with less new inventory coming to the market. TRREB is reporting 18.9% less new inventory entering the market.

To summarize, it hasn’t be a very busy Spring Market overall, but things are still moving. Lets see how these summer months play out!

Lets see what happens this month! 👀👀

** 416 area code refers to the Toronto (defined by TREB)
** 905 area code refers to GTA, suburb cities and towns surrounding Toronto (defined by TREB)
Check out the previous month’s post for comparison.
Swipe for more stats on Toronto and Durham
For more questions on stats in your specific area, shoot me a message!
⚠️ 2026 vs 2025📈📉
Buy/ Sell/ Invest
Contact me today for a free valuation on your home! ✉️📨📞☎️ .

05/20/2026

SOLD ⚠️ ⚠️ ⚠️⠀

Congrats to my sellers! 🥳🏠💪

The condo market is tough to navigate. With the right pricing, and some staging, we got it done! It took a few re-lists, but with a slower market, it'll take longer. We stayed on top of it to make sure we were adjusting our price as the market changed.

Congrats to the buyers and sellers!

Buy/ Sell/ Invest⠀⠀
Contact me today for a free valuation on your home! ✉️📨📞☎️ .⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀

05/08/2026

Stat Alert🚨

April stats are out!

As we start of the Spring market, there is more activity as per usual. Month over month, there is a higher number of sales transactions across the board, and average prices across most categories in the 416 & 905 areas are up. Compared to April 2025, the number of sales transactions are up but average prices are down.

Looking at the stats, we saw a 7% increase in number of sales but also a 9.3% decrease in new listings entering the system. This means there isn’t as much new supply while more buyers pulling the trigger on their purchases. This would normally mean that prices should begin to stabilize, however, there is still a lot of supply on the market with buyers slowly coming off the sidelines to start their home search again and there is till a lot of market uncertainty out there. Prices should stay relatively consistent through the spring, but we will see what happens in May!

So far, I’m seeing homes in good areas and with good pricing move quickly. Some sellers are still holding out and looking for prices above current market values, this results in the homes sitting for on the market for much longer. We use a stat called Days on Market (DOM) to help assess how long it’ll take to sell a home in a particular area, however this stat is being skewed as we’re seeing many homes get re-listed multiple times before selling!

Buyer tip, check out the DOM for homes that you like, the higher the number, the longer they’ve been sitting, and the higher chance there may be some room to budge on the price!

Lets see what happens this month! 👀👀

** 416 area code refers to the Toronto (defined by TREB)
** 905 area code refers to GTA, suburb cities and towns surrounding Toronto (defined by TREB)
Check out the previous month’s post for comparison.
Swipe for more stats on Toronto and Durham
For more questions on stats in your specific area, shoot me a message!
⚠️ 2026 vs 2025📈📉
Buy/ Sell/ Invest
Contact me today for a free valuation on your home! ✉️📨📞☎️ .

05/06/2026

SOLD ⚠️ ⚠️ ⚠️⠀

Congrats to my sellers! 🥳🏠💪

Sold in 2 weeks! Our client came to us after trying to sell for 3 months with no luck. With the right valuation at market price, and improved marketing, we got it done in just 2 weeks!

Congrats to the buyers and sellers!

Buy/ Sell/ Invest⠀⠀
Contact me today for a free valuation on your home! ✉️📨📞☎️ .⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀

04/10/2026

Stat Alert🚨

March stats are out!

Looks like activity is finally picking up! Month over Month we saw an increase of 30% in sales quantity. This makes sense, as the weather warms, more buyers are out, and they are making their moves. Overall, average prices across GTA are fairly flat from last month, and down by 6.7% year over year. The number of new listings entering MLS has dropped by 16.7% year over year. Welll normally see new listings pick up in April/ May.

I saw a lot more action in the market and on my own listings for sale. There has been more offers coming in, but many are looking for a good deal and it is taking a lot more back and forth between the buyer/sellers to land at a fair price. Many of my buyers are back on the hunt for their new homes, and there are a lot of homes to pick from depending on your search criteria.

Overall, we’re seeing very fair prices coming from the sellers. And if you find a seller that has some pressure to sell, often they sell for a bit under market values. That being said, not all sellers are willing to come down. Some of my buyers have been seeing some listings sit for long, and at prices far too high!

Advice for the buyers, don’t be afraid to shoot your shot at what value you think makes sense. Advice for the sellers, don’t get offended at the initial offers that come in, but work to bring them up and close the gap! If you’re seeing the prices in your area fluctuate, be sure to act quick with your pricing and have it reflect market amounts.

Lets see what happens this month! 👀👀

** 416 area code refers to the Toronto (defined by TREB)
** 905 area code refers to GTA, suburb cities and towns surrounding Toronto (defined by TREB)
Check out the previous month’s post for comparison.
Swipe for more stats on Toronto and Durham
For more questions on stats in your specific area, shoot me a message!
⚠️ 2026 vs 2025📈📉
Buy/ Sell/ Invest
Contact me today for a free valuation on your home! ✉️📨📞☎️ .

04/01/2026

Just listed for Sale! 🚨🚨🚨

Welcome to your move-in ready 3 bed 2 bath detached home! Tons of updates, new roof, new windows, new Furance, new AC, new hot water heater (owned), updated kitchen and bathrooms. Pick your colour of paint and you’re good to go!

3 bedrooms 🛌
2 washroom 🛁
3 Car parking

Lots of upgrades!

Buy/ Sell/ Invest
Contact me today for a free valuation on your home! ✉️📨📞☎️ .

Address

1396 Don Mills Road #B121
Toronto, ON
M3B0A7

Website

http://www.michaeltamrealty.ca/

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